ADIA

Blue Owl Capital, a private credit firm managing $315 billion in assets, is opening a regional headquarters in Abu Dhabi's ADGM financial hub. The move reflects growing interest in the UAE capital's proximity to sovereign wealth funds like ADIA and Mubadala, despite rising challenges in the private credit sector, including defaults and redemption requests.

Innio, a power equipment firm backed by ADIA, has filed for an initial public offering on the New York Stock Exchange. The company's decision to go public marks a significant milestone in its growth trajectory. Innio's IPO filing is expected to garner considerable attention from investors and industry watchers.